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Specific Job Related Process Knowledge and Skills

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Audio version brochure
PSA580-2D
2 Weeks of Process Good & Best PracticesWorkshop

Petroleum Production Sharing Agreements (PSAs)
Contract Administration & Management Processes

Building Hands-on Skills & Competencies in

  1. PSA Project Risk Allocation

  2. PSA Contract Administration

  3. Essential PSA Communications & Documentations

  4. Win-Win Resolution of Disagreements & Disputes on PSAs

www.eurotraining.com/bro/psa580-2.php

2 Week Training Programs

Seattle, USA
16-27 Dec 2024
London
30 Dec 2024- 10 Jan 2025
Dubai
6-17 Jan 2025
Kualalumpur
20-31 Jan 2025
Dubai
3-14 Feb 2025
London
17-28 Feb 2025
New York
2-13 March 2025
Seattle, USA
16-27 March 2025
Istanbul
30 March-10 April 2025
New York
13-24 April 2025
Dubai
27 April-8 May 2025
Kualalumpur
11-22 May 2025
London
25 May-5 June 2025



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What is Covered in this Training Workshop?

  1. This Petroleum Production Sharing Agreements (PSAs) Contract Manager Training Workshop Builds Professionals who will have the Understanding, Process Knowledge, Processes, Competencies, Management Insights, including Leadership, they will need to become True Expert Professionals in this area.
  2. The objective of this program is to create PSA Managers who can Manage all aspects of the PSA Unit in their organizations, including managing the PSA Professionals to effectively Administer PSA Contracts with focus on Protecting the Petroleum Production Project and their employer. These managers will ensure the PSA Unit efficiently and effectively Plans the Processes, Delegates Responsibilities, Controls Performance, Prepares & Keeps Updated PSA SOPs, Maintains an Effective PSA Knowledge System, Ensures Staff have the required Competencies, Monitors Performance, Solves Problems, Coaches the Professionals, Resolves Disputes and Provides Meaningful Reports to Management.

This Work Processes Good and Best Practices program provides the PSA Contract Manager participant the essential Understanding, Competencies, Processes, Process Knowledge and Management Guidance to perform his Professional Assignment in an effective, efficient, customer focused manner, always targeting for Meeting the Operational & Strategic Objectives. This is a comprehensive program.

  1. Program Topics mentioned below will be discussed in great detail to ensure the participants gains a full Multi-Discipline Multi-Stakeholder Latest-Technology Equipped Understanding of the Processes he will be required to Plan, Execute, Supervise or Improve.
  2. Production sharing Contracts PSAs are prone to many problems, this program will discuss these problem areas, and suggest solutions from Good Practices, and, Benchmark with International Best Practices.

This Professional training program will also discuss in detail for each of the important Risks and Conditions in Production Sharing Contracts PSAs the True Contractual Understanding, the Contract Administration Requirements, the communications required, the Documentary Records to be Maintained, potential disputes and best strategies for win-win dispute resolution.

Who Should Attend?


  1. This Work Processes Good and Best Practices program is intended for Production Sharing Agreement Decision Makers, PSA Professionals, Managers, Auditors, Finance Departments, Government Decision Makers and Oversight Committee Members, Regulators and Policy Makers.
  2. This Work Processes Good and Best Practices program content and knowhow will also be useful for promising PSA Contract Administrators so they can be prepared for future PSA Unit Management Roles.
  3. Program Content & Processes
  4. Petroleum Production Sharing Agreements (PSAs)
    Contract Administration & Management Processes
  5. Business Aspects of Petroleum Production Sharing Agreements (PSAs)
  6. PSA Problems, Leakages, Inefficiencies and Solutions
  7. PSA Stakeholders and their Expectations
  8. Legal & Regulatory Aspects of PSAs
  9. PSA Operational Objectives
  10. Short discussion on PSA Possible Problems, Leakages, Inefficiencies and Solutions arising from lack of Company or Regulatory Control over the PSA Process
  11. What is involved in Administering PSAs?
  12. Processes for Ringfencing exploration, discovery, commercial discovery
  13. Licensee Contract Processes
  14. On Inflation of Costs by Contractors Processes
  15. Process on Relinquishing of Exploration Rights
  16. Contractual Relinquishment of Exploration Rights Processes
  17. Dispute Resolution by Independent Expert Processes
  18. On Failure to Deliver the PSA Area Processes
  19. On Failure to Invest Adequately Processes
  20. Process on Insufficient Cost Control
  21. Owner Committee approval of Key Procurements, Materials and Subcontracts Processes
  22. Alignment of Recoverable Cost to Work Plans Process
  23. Approval of Change or Participating Interest Processes
  24. Enforcing Process for Preemptive Rights
  25. Enforcing Process for Termination Process
  26. Petroleum Sales Obligations & Processes
  27. Local Community Hiring & Training
  28. Managing the Processes for

    (1) Contract Conditions Drafting

    (2) Contract Administration

    (3) Management Controls under Various Clauses

    (4) Incentives

    (5) Use of Expert Committees for Major Expense Proposals

    (6) Intelligent Record Keeping and Reporting.
  29. Risks Sharing on Production Sharing Agreements
  30. Understanding the True Interpretation Rules of Key Provisions
  31. Understanding Key PSA conditions
  32. Managing PSA Contractual Communications
  33. Good Practices for Maintaining PSA Contractual Records
  34. Documenting Evidence to Help Resolve Disagreements and Disputes
  35. Negotiating Win-Win Settlement of PSA Disputes
  36. Building a PSA Contract Administration & Dispute Resolution Knowledgebase
  37. Workshop 1
  38. Processes for Developing a PSA Risk Management Plan
  39. Processes for Developing an Early Warning Systems to Identify Emerging PSA Contract Risks & Opportunities
  40. Job Process Level Insights into PSA Processes & Decision Making
  41. Processes for Developing a PSA Quality Assurance (QA) & QC Plan
  42. Workshop 2
  43. Program Recommendations
  44. Detailed PSA Personalized Improvement Action Plan

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